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Orascom Breaks Ground on Egypt’s 1st Monorail Line

A consortium made up of Orascom Construction, Arab Contractors, and Bombardier Transportation has broken ground on Egypt's first-ever monorail line, which will connect east Cairo and the New Administrative Capital (NAC), starting off on the first week of May.

Cabinet Reallots 707,000-Acre Coastal Lands for New Urban Project

Egypt's Cabinet has passed on the reallocation of four 707,000-acre land plots on the North Coast for the establishment of a new integrated urban community.

TMG Holding Settles Disputes Over San Stefano Project

Talaat Mostafa Group (TMG) Holding has signed a settlement agreement to resolve over Alexandria’s San Stefano project.

GAFI Nods to 103 Projects in City Centre Almaza’s Free Zone

Mohamed Abdel Wahab, executive director of the General Authority for Investment and Free Zones (GAFI), approved a total of 103 projects within the investment zone of City Centre Almaza.

SODIC Equips 3 Hospitals to Scale Up Coronavirus Readiness

In cooperation with Egypt's Ministry of Health, Sixth of October Development and Investment Company (SODIC) has equipped three public hospitals nationwide, in an attempt to make more room for COVID-19 patients.

NUCA’s EGP 4 bn Bond Issuance Wins ‘Deal of the Year 2020’

The Banker, a sister publication of the Financial Times, granted the New Urban Communities Authority's (NUCA) EGP 4 bn bond issuance the “Deal of the Year 2020 - Africa” award.

Misr Italia Properties Obtains EGP 650 mn Loan

Misr Italia Properties has inked a middle-term loan worth EGP 650 mn, coming as part of a bank consortium led by the National Bank of Egypt (NBE).

Gov’t Almost Finalizes 4,704 Units in New Mansoura

Egyptian housing ministry finished 90% of 4704 units, or 196 buildings, at the first phase of Sakan Misr middle-income project in New Mansoura.

Invest-Gate Releases Recommendations for Smart Real Estate Market Post-Pandemic

Invest-Gate wrapped up its first virtual roundtable on May 17, titled “Smart Real Estate Market Amid COVID-19,” tapping the knowledge and experience of local real estate gurus and creating a blueprint of smart solutions fit for real estate recovery and a future beyond the pandemic.

Invest-Gate’s 1st Virtual Roundtable Plots Road to Smart Real Estate Recovery Amid COVID-19

Invest-Gate’s first virtual roundtable dug deep trenches into the Egyptian property scene amid the COVID-19 outbreak, tapping the knowledge and experience of local real estate gurus and creating a blueprint of smart solutions fit for real estate recovery and a future beyond the current crisis.

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